U.S. Financial Group, Inc Mortgage Lending & HMDA Data, 2015
In 2015, U.S. Financial Group, Inc of Lake Charles, LA reported 1,501 mortgage applications totaling $232.5 million. The average application was for $154,892, and applicants reported an average income of $71,791. 35% of its applications resulted in an originated loan and 6% were denied. Its largest markets were Lake Charles, LA (634), Beaumont-Port Arthur, TX (59) and Baton Rouge, LA (38) (applications in parentheses).
| Mortgage Company & Address | U.S. Financial Group, Inc 2915 Ryan St Lake Charles, LA 70601 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2016 2015 |
| Total Number of Mortgage Applications | 1,501 |
| Total Mortgage Loan Application Amount | $232,494,000 |
| Average Mortgage Loan Application Amount | $154,892 |
| Highest Mortgage Loan Application Amount | $1,080,000 |
| Average Applicant Income | $71,791 |
| Highest Applicant Income | $1,095,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records U.S. Financial Group, Inc filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans. Applications reported at $100 million or more are left out of these totals.
| Metro Area | Total Number of Mortgage Loan Applications | Total Dollar Amount of Mortgage Loan Applications | Average Mortgage Loan Application Amount | Average Applicant Income |
|---|---|---|---|---|
| Lake Charles, LA | 634 | $ 117,235,000 | $ 184,913 | $ 93,000 |
| Beaumont-Port Arthur, TX | 59 | $ 8,213,000 | $ 139,203 | $ 72,000 |
| Baton Rouge, LA | 38 | $ 6,499,000 | $ 171,026 | $ 64,000 |
| Lafayette, LA | 9 | $ 1,549,000 | $ 172,111 | $ 98,000 |
| New Orleans-Metairie, LA | 8 | $ 1,857,000 | $ 232,125 | $ 77,000 |
| Houston-The Woodlands-Sugar Land, TX | 2 | $ 367,000 | $ 183,500 | $ 71,000 |
| Alexandria, LA | 1 | $ 276,000 | $ 276,000 | $ 92,000 |
| Austin-Round Rock, TX | 1 | $ 359,000 | $ 359,000 | $ 134,000 |
| Hammond, LA | 1 | $ 192,000 | $ 192,000 | $ 61,000 |
Mortgage Loan Application Detail Totals for U.S. Financial Group, Inc in 2015
Loan Purpose |
Total Number of Mortgage Applications | Total Dollar Amount of Mortgage Loan Applications | Average Mortgage Loan Amount | Highest Mortgage Loan Amount | Average Applicant Income | Highest Applicant Income |
|---|---|---|---|---|---|---|
| Home Purchase | 1,269 | $189,631,000 | $149,000 | $1,080,000 | $67,000 | $1,095,000 |
| Refinancing | 232 | $42,863,000 | $184,000 | $688,000 | $98,000 | $613,000 |
| Home Improvement | 0 | $0 | $0 | $0 | $0 | $0 |
Applicant Race |
Total Number of Mortgage Applications | Total Dollar Amount of Mortgage Loan Applications | Average Mortgage Loan Amount | Highest Mortgage Loan Amount | Average Applicant Income | Highest Applicant Income |
|---|---|---|---|---|---|---|
| White | 1,143 | $183,805,000 | $160,000 | $700,000 | $77,000 | $1,095,000 |
| Black or African American | 253 | $32,628,000 | $128,000 | $411,000 | $51,000 | $175,000 |
| Hispanic | 47 | $6,085,000 | $129,000 | $279,000 | $55,000 | $151,000 |
| Asian | 32 | $6,595,000 | $206,000 | $1,080,000 | $83,000 | $504,000 |
| Not Provided | 19 | $2,153,000 | $113,000 | $212,000 | $47,000 | $90,000 |
| Native Hawaiian or Other Pacific Islander | 5 | $1,045,000 | $209,000 | $260,000 | $87,000 | $148,000 |
| American Indian or Alaskan Native | 2 | $183,000 | $91,000 | $137,000 | $31,000 | $53,000 |
| Not applicable | 0 | $0 | $0 | $0 | $0 | $0 |
Loan Type |
Total Number of Mortgage Applications | Total Dollar Amount of Mortgage Loan Applications | Average Mortgage Loan Amount | Highest Mortgage Loan Amount | Average Applicant Income | Highest Applicant Income |
|---|---|---|---|---|---|---|
| FHA-insured (Federal Housing Administration) | 586 | $79,869,000 | $136,000 | $368,000 | $60,000 | $372,000 |
| Conventional (any loan other than FHA, VA, FSA, or RHS loans) | 554 | $103,731,000 | $187,000 | $1,080,000 | $97,000 | $1,095,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 248 | $29,919,000 | $120,000 | $266,000 | $43,000 | $104,000 |
| VA-guaranteed (Veterans Administration) | 113 | $18,975,000 | $167,000 | $393,000 | $68,000 | $175,000 |
Outcome |
Total Number of Mortgage Applications | Total Dollar Amount of Mortgage Loan Applications | Average Mortgage Loan Amount | Highest Mortgage Loan Amount | Average Applicant Income | Highest Applicant Income |
|---|---|---|---|---|---|---|
| Preapproval Denied by Financial Institution | 638 | $77,662,000 | $121,000 | $400,000 | $49,000 | $192,000 |
| Loan Originated | 520 | $92,730,000 | $178,000 | $700,000 | $88,000 | $1,095,000 |
| Application Approved But Not Accepted | 130 | $25,403,000 | $195,000 | $693,000 | $99,000 | $500,000 |
| Application Denied By Financial Institution | 94 | $14,102,000 | $150,000 | $417,000 | $68,000 | $197,000 |
| Application Withdrawn By Applicant | 87 | $16,358,000 | $188,000 | $1,080,000 | $91,000 | $504,000 |
| File Closed For Incompleteness | 32 | $6,239,000 | $194,000 | $352,000 | $110,000 | $613,000 |
| Loan Purchased By The Institution | 0 | $0 | $0 | $0 | $0 | $0 |
| Preapproval Approved but not Accepted | 0 | $0 | $0 | $0 | $0 | $0 |
Denial Reason |
Total Number of Mortgage Applications | Total Dollar Amount of Mortgage Loan Applications | Average Mortgage Loan Amount | Highest Mortgage Loan Amount | Average Applicant Income | Highest Applicant Income |
|---|---|---|---|---|---|---|
| Credit History | 549 | $66,393,000 | $120,000 | $400,000 | $52,000 | $197,000 |
| Debt-To-Income Ratio | 111 | $15,134,000 | $136,000 | $354,000 | $44,000 | $129,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 29 | $3,809,000 | $131,000 | $258,000 | $54,000 | $156,000 |
| Collateral | 11 | $1,603,000 | $145,000 | $285,000 | $68,000 | $99,000 |
| Employment History | 10 | $1,158,000 | $115,000 | $258,000 | $64,000 | $139,000 |
| Other | 10 | $1,706,000 | $170,000 | $417,000 | $83,000 | $175,000 |
| Unverifiable Information | 8 | $1,341,000 | $167,000 | $292,000 | $51,000 | $108,000 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit Application Incomplete | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into U.S. Financial Group, Inc's 2015 lending activity. By analyzing detailed data on mortgage applications, total loan amounts, applicant incomes, loan purposes, and approval rates, industry professionals, researchers, and analysts can gain a clear understanding of this lender's role in the mortgage market.
This in-depth HMDA data allows real estate experts, financial analysts, and policymakers to track lending trends, evaluate borrower demographics,
and assess U.S. Financial Group, Inc's mortgage approval patterns.
Utilize this powerful dataset to analyze market performance, compare lending practices, and make data-driven decisions in the ever-changing mortgage industry.
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